Posted by miles -Monday, June 20, 2011, 10:34 AM
It’s time to share my Three Cents Worth on Curbed DC, at the intersection of neighborhood and real estate in our Nation’s capitol.
…Since there is more confusion now than ever about the state of the US housing market I thought I’d avoid talking about the now, but rather look at how we got here. Context. My favorite word of 2011.
Of course, I got carried away, but this started out as a simple multi-year chart comparing the listing discount to the year over year percent change in monthly average sales price for the Washington DC metro area housing market. The blue line represents the listing discount—which is the percentage difference between the original list price and the final sales price. The green line represents the change in monthly sales price year over year.
Three Cents Worth: Jonathan Miller Unleashes The Red Arrow Upon Listing Discounts